Skip to content
Now and Viral

Now and Viral

Trending News

Primary Menu
  • CNN Breaking News
  • Money today
  • Today News
  • Trump News
  • Today News
  • News
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • The ‘social’ in ESG – moving from concept to practice
  • 45 Concept

The ‘social’ in ESG – moving from concept to practice

By ev3v4hn 1 year ago

[ad_1]


Once, the critical challenge in mining was finding an economically accessible resource to develop. Recently, however, the key challenges to mineral developments have not come from the area of traditional technical risks of resource grade and price sensitivity, but rather from environmental, social and governance (ESG) factors, ultimately impacting supply chains.

According to RPMGlobal executive consultant Diane Dowdell, ESG issues have historically been less dependent upon market conditions – traditionally, when a resource becomes scarce or the economics improve, the resource becomes more viable to mine.

“However, successful project development and execution is now based upon understanding and effectively managing complex ESG risks, which require a broader suite of technical skills,” she said.

“There is a range of critical minerals integral to the clean energy transition, such as copper, graphite, lithium and cobalt, which are essential to combat the effects of climate change. But the mining of these resources is currently constrained by complex risks, including human rights issues, land accessibility, environmental aspects, and transparency and governance.

“Without a robust understanding of the ESG risks associated with a project and a clear risk management strategy, it is difficult to provide an efficient pathway to develop a mineral resource.”

More importantly, these minerals are part of evolving supply chain transparency requirements. End users of mineral commodities want their supply chains to demonstrate that they are free from labour and human rights issues with robust environmental management programs.

Dowdell said native title landholders and Indigenous communities, local communities, investors and other stakeholders are becoming increasingly sceptical of unsubstantiated claims of mining benefits.

“These social and community issues are impacting the ability of the minerals industry to meet critical metal supply requirements, as well as impacts upon the broader reputation of mining companies and their ethics,” she said.

“Moving forward, access to capital will be increasingly constrained by ESG related issues, increasing the importance of robust and workable solutions generated for the unique challenges presented by each mineral development.”

Social impacts of mining include:

  • Land-use conflicts between cultural and other economic activities
  • Community impacts associated with an influx of workers into communities can cause conflict over scarce resources
  • Cultural challenges from different personal values

Governance risks in early exploration include:

  • Perceptions associated with access to political and government officials and payments
  • Community development programs that create concerns around transparency

“A company’s ESG strategy starts from the day it wishes to begin exploration,” Dowdell said.

“From the moment that a drill rig is mobilised to a drilling location, the company will likely cause social impacts.

“ESG risks are broader than regulations and permits, as even companies that meet compliance are exposed to substantial ESG risks. Integrating ESG into your earliest activities and core strategy is integral to building the necessary relationships and frameworks to ensure that the company can run successful exploration and development programs.

“At RPMGlobal, our extensive network of executive-level consultants who work across dedicated ESG disciplines develop collaborative and bespoke solutions for our clients to understand and address their ESG risks.

“We work within the boardroom and C-suite of exploration and mining companies to delve into their business’s true nature and understand the culture and values. This assists our team in mapping out the material risks unique to the business and provide support in developing the necessary action plans to address these risks.

“Our consultants intimately understand the range of global ESG frameworks that apply to the mining industry, so we can best support our clients in navigating the development of a coherent plan.

“Along with access to traditional technical skills, knowledge of financial markets and data management tools and software, RPMGlobal uniquely brings together the strategy, the technical knowledge and the tools to deliver advisory services for a more sustainable minerals industry.”

[ad_2]

Source link

Tags: Amazon Fba Business, Atlanta Business Chronicle'S, Boss Baby Back In Business, Business Administration Degree, Business Attire Women, Business Card Design, Business Cards Templates, Business Casual Dress, Business Casual Outfits, Business Checking Account, Business Credit Card, Business For Sale Near Me, Business Intelligence Platform, Business Lawyer Near Me, Business Loan Calculator, Business Name Ideas, Business Professional Women, Business Spectrum Login, California Business Entity Search, Capital One Spark Business, Carl Weber'S The Family Business, Charlotte Business Journal, Custom Business Cards, Delaware Business Search, Fl Sos Business Search, Florida Business Search, Harvard Business Publishing, Insurance For Small Business, Kelley School Of Business, Maryland Business Express, Maryland Business Search, Moo Business Cards, National Business Furniture, New York Business Search, Ohio Business Gateway, Onedrive For Business, Online Business Ideas, Paramore Misery Business, Risky Business Cast, Small Business Insurance, Spectrum Business Customer Service, Tom Cruise Risky Business, Us Small Business Administration, Verizon Wireless Business, Verizon Wireless Business Login, Virtual Business Address, What Is Business Administration, Women'S Business Casual, Yelp Business Login, Yelp For Business

Continue Reading

Previous New rental concept includes sleeping pods in shared home for $800 a month
Next ‘Shareable’ concept eatery, gastropub to open in Nob Hill space
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Archives

Recent Posts

  • Love and Money: How Your Past Can Haunt Your Future
  • How AI, Machine Learning and Automation Will Impact Business in 2018 and Beyond
  • ShareFaith Vs Graceway Media
  • 4 Reasons Why You Should Go on Safari in Kenya
  • Term Life Or Cash Value Insurance – Which is Better in Today’s Financial Environment?

BL

Tags

5e Business Profit Ahron Levy Columbia Business School Business Consultant Certification Austin Business Insurance Cover Coronavirus Business Letter With Logo Example Business Located Easy Location Business Platform Stocks Business Positions Seattle Business Regulation Legal Services Daystarr For Business Dimagi Business Development Toolkit Do Business Schools Accept Entreprenuers Enironmentall Friendly Business Ideas Eric Early Republican Business Owner Essec Business School Dean Essential Business To Remain Open Example Small Business Fall Winter Business Hours Template Fdot Woman Owned Business Certification First Business Women United States First Com Business Fixing A Damaged Reputation Business Florida Business Enforcement Free Small Business Communication Tool Law School Business Entity Outlines Mapping A Business Location Medical Business Trends Economics Mix Business And Personal Money Mlm Nit Small Business Legally New Business Agency Sales Questions Patricia Saiki Women'S Business 1990 Safety Business Proposal Sample Business Plan Entrepreneur School Business Administration Positions S Corp Business Deductions Search Tx Business Llc Sentextsolutions Business Cards Signs For Business On Roads Skype For Business Recording Capacity Small Business Forums .Net Small Business Insurancr Tech Monkey Business Ttu Business Cards Template Turbotax Business Nys Forms Uf Business School General Studies

getlinko

nowandviral.com | Magazine 7 by AF themes.

WhatsApp us